Commentary

V7.294 Penalty suspension

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.294 Penalty suspension

Part V7 Tax planning | Commentary

V7.294 Penalty suspension

HMRC can suspend all or part of a penalty for careless inaccuracy for a period of up to two years. Providing the taxpayer is compliant throughout the suspension period by meeting any conditions HMRC set, the amount of the penalty that is suspended is cancelled.

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